Nicole Gelinas has written about urban economics, infrastructure, finance, and governance for nearly a decade. She is a contributing editor to the Manhattan Institute's City Journal magazine and a Chartered Financial Analyst (CFA) charterholder. Her book, [italics]After the Fall: How to Save the Economy from Wall Street -- and Washington[end-ital], will be out this fall.
The average MTA worker made $71,237 last year in salary, wages and other cash pay, according to new data posted by SeeThroughNY, a project of the Empire Center, on its Web site. This sum and other MTA salaries...
July 13, 2011 12:00 AM
For almost two years, federal stimulus cash has kept New York City's economy going like gangbusters. We shouldn't say thanks, though. Being on the dole will end up hurting Gotham. Since 2009, the city has gained...
July 07, 2011 12:00 AM
Let's all give a round of applause to the deputy mayors responsible for New York City's final $68.9 billion budget -- Michael Mulgrew and Lillian Roberts. OK -- Mulgrew and Roberts don't actually work in Mayor...
June 29, 2011 12:00 AM
Why is last week's surprise release of 60 million bar rels of oil from govern ment reserves bad news? Because it's the West's -- and President Obama's -- last hope to goose the economy. Obama and European leaders are...
June 27, 2011 12:00 AM
For mass-transit riders, the good news is that the state Senate spent time talking about the MTA this week. The bad news? The most substantive conclusion was on new MTA board member Fernando Ferrer's facial hair....
June 17, 2011 12:00 AM
As Gov. Cuomo and the Legislature finish up spring business, Assembly Speaker Sheldon Silver wants to tie a suburban property-tax cap to renewal of rent regulations in the city. OK -- but, while we're "linking" things,...
June 07, 2011 12:00 AMThis afternoon, the "May 12 Coalition" will take to the streets of Lower Manhattan with a demand for Mayor Bloomberg: "Make Big Banks and Millionaires Pay." But we'd all pay: The coalition's plan centers on a massive...
May 12, 2011 12:00 AM
Last Friday, Mayor Bloomberg updated his budget proposal for the fiscal year that starts in July: The city will spend some $49.7 billion of its own money. With state and federal cash, the total is $68.9 billion. The...
May 09, 2011 12:00 AM
Osama Bin Laden's death, at the hands of Americans who were likely the last people he saw, is an achievement for America. But it's also a jarringly quick reminder that nothing will wrap up that day into something in...
May 03, 2011 12:00 AM
Will New York's leaders watch as residents slowly abandon the state, taking their assets and income with them? One test: Will Gov. Cuomo pledge to build a new Tappan Zee Bridge -- before the old one decays beyond...
April 20, 2011 12:00 AM
New York’s rent laws expire in June. In pushing to “renew and strengthen” them, Democratic lawmakers are seizing the opportunity to show they care about tenants. Gov. Cuomo, too, has an opportunity: to treat the city’s...
April 17, 2011 12:00 AMNew York has controlled the rents on “private” apartments since after World War I. The city determines annual rent increases for half of its roughly 2 million rentals. Another nearly 800,000 apartments are “free market,...
March 27, 2011 12:00 AM
New York City's rent laws expire later this spring -- giving state politicians a chance to make life worse for the 5.5 million city folk who don't own their homes. The city hasn't had anything close to a free housing...
March 22, 2011 12:00 AM
New York pols aren't about to eliminate most collec tive-bargaining rights and automatic dues collection for public-sector unions, as Wisconsin just did. But if they care about the public good, they could take some...
March 14, 2011 12:00 AM
With the nation riveted by public-sector showdowns in Wisconsin and Ohio on Tuesday, the guy who started it all -- Gov. Chris Christie -- took some credit back home in New Jersey. But Christie risks disappointing...
February 24, 2011 12:00 AMMayor Bloomberg unveiled his 2012 budget yesterday. It suffers from a massive deficit -- of real solutions. In his speech, the mayor noted that New York has recovered from the credit bust faster than the rest of the...
February 18, 2011 12:00 AM
Walk into Grand Central Terminal on a weekday afternoon, and you'll see some of the world's wealthiest workers girding themselves for a third-world commute. For the last month on Metro North's New Haven Line, "it's...
February 09, 2011 12:00 AM
Sorry: Letting states go bankrupt won't solve anything -- and would create new problems. Former House Speaker Newt Gingrich started this talk in November, saying that he hoped the House would quickly create a state...
January 24, 2011 12:00 AM
The City Council won last Fri day's bout with the MTA brass over the transit agen cy's failures in the Dec. 26 blizzard. But MTA riders won't share the victory -- the Transport Workers Union will. How? MTA chief...
January 17, 2011 12:00 AM
Mayor Bloomberg suffered a governance meltdown last week, as unplowed snow blocked streets for days. But snow, at least, melts. The bigger disaster is still accumulating -- and New Yorkers haven't yet seen the extent...
January 04, 2011 12:00 AMLast week, President Obama hinted at an idea that could hit New York, New Jersey and other high-tax states where it hurts: in their residents' right to deduct state and local tax tabs from their federal tax bills....
December 13, 2010 12:00 AM
Congress could face a fresh fiscal mess: a state -- or a pack of 'em -- calling for cash. The Republicans, newly in charge of the House, will be inclined to "just say no" and let markets punish the profligate. But it...
November 17, 2010 12:00 AM
Leaders from Brazil to Germany have criticized the Federal Reserve’s project to print up $600 billion in free money. The world fears the move will spur inflation, warping global markets. But one place has more to lose...
November 07, 2010 10:28 PM
The MTA is too damn broke. But don't look for the next governor to fix it: With no worthy opposition, Andrew Cuomo is getting away with platitudes. And the city's "transit advocates" aren't filling the vacuum....
October 22, 2010 12:00 AMLast week's dismal jobs figures tell us exactly what the President Obama's stimulus did: It temporarily saved jobs in state and local government -- thereby slowing our recovery. Friday's job scorecard for September...
October 12, 2010 12:00 AM
It looks like New Jersey Gov. Chris Christie will kill a mas sive new commuter rail line to connect Secaucus to Midtown. Rather than scuttle the tunnel, Christie should leave the choice up to Jersey's public-sector...
October 06, 2010 12:00 AM
To see what the federal stimulus package really has accomplished, take a look at this week's MTA news. Then, expect more of the same: paying more to ride on aging transit systems that break down all the time. How...
August 25, 2010 12:00 AM
MTA chief Jay Walder is looking to hit up riders for more cash yet again, his new budget shows -- while asking relatively little from his union workforce. In so doing, he's bloating the fairness deficit. The MTA...
August 03, 2010 12:00 AMThe Federal Reserve Bank of New York reported last week that Gotham's econ omy is back. Problem is, what's keeping us afloat is the Fed down in DC, which has taken extreme action to juice up the US financial industry -...
July 26, 2010 12:00 AMAt next week's public MTA hearings on its proposed token-booth closings and other customer-service reduc tions, city and state lawmakers will talk tough about sticking up for the straphanger against the big, bad MTA....
July 07, 2010 12:00 AM
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